Conti’s rubber group revenues fell by 22 percent in Q1

ERJ staff report (DS)

Hannover, Germany — Sales at Continental’s rubber group fell by 22 percent to euro 1784 million (2292 million) in the first three months of 2009. Despite the decline, the unit recorded positive earnings. EBIT stood at euro 113 million, down from euro 254.9 million a year earlier.

These results were significantly better than the results for the Automotive group, which saw sales fall by over 40 percent, resulting in a loss (EBIT) of euro 266 million compared with a profit of…

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